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jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a g.d.p. going at 4% to 5%. the second quarter was downgraded from 1.7% to 1.3%. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than any surge since 1983 a month before the election. i leave it to you to do all the analysis. >> one of the most important ceos in america. formerly of general electric. does this ring true? >> well, it rings true to me. since it's a survey, is this outside of the statistical bounds of their survey, which is plausible but irrelevant. but you have a president who says last budget got zero votes in the last senate. z
jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a...
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Oct 7, 2012
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so you have a president of the united states so deeply distrusted, by people like jack welch, who is hardly a right winger. welch is one of the most successful businessman in america. welch instantly assumes this is the chicago machine. it's worth looking at. >> this has been, this is really making me crazy. the federal reserve gets questioned now for politics these days. the supreme court and john roberts gets questioned. we have corroded what we're doing. we are corroding trust in our government in a way, and one time responsible people are doing, to control it. and the idea that donald trump and jack welch, rich people with crazy conspiracies can get traction on this. is a bad, is a bad trend. >> i assume david there's a number of people that believe the real unemployment report is somewhere in a safe in nairobi with the president's kenyan birth certificate. this stuff is absolutely crazy. the notion quite frankly that somebody as well respected as jack welch would go on television and single-handedly embarrass himself for the entire day of friday, by saying somehow that these sta
so you have a president of the united states so deeply distrusted, by people like jack welch, who is hardly a right winger. welch is one of the most successful businessman in america. welch instantly assumes this is the chicago machine. it's worth looking at. >> this has been, this is really making me crazy. the federal reserve gets questioned now for politics these days. the supreme court and john roberts gets questioned. we have corroded what we're doing. we are corroding trust in our...
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Oct 7, 2012
10/12
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jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of f
jack welch, the former chairman of ge said unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july....
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Oct 8, 2012
10/12
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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Oct 7, 2012
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. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment data released attribute the decline to a big increase in part-time work. people looking for full-time jobs unable to find them and they are settling for part-time jobs. there were some 582,000 new part-time jobs created last month. the bureau of labor statistics categorizes the number as "part time for economic reasons." not exactly a vote of confidence in the state of the economy, shannon. >> shannon: all right, doug. a lot more on the numbers. we will break them down later with ben stein, well known economist and author and humorist as well. we might need a little bit of that. thank you, doug. is the lower unemployment
. >> former white house press secretary robert gibbs today also touched on the jack welch tweet. >> you wonder why institutions in this country are the perception of institutions in the country are failing because people go on tv and make stuff up. ask for the evidence and he said he had none. >> we continue to make progress. 31 consecutive months of private sector job growth. certainly we are not where we want to be. >> many analysts who combed through the unemployment...
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Oct 8, 2012
10/12
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the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to hear from the mitt romney at foreign-policy address later this morning. staying on foreign policy, ryan is on the line from amarillo, texas. caller: i wanted to talk about the function of a iran. there are more sanctions on this country, and we already have problems with them. we want to police these countries to make them hate us even more? it could lead to another war. i want to see mitt romney talked about what we could do to have these countries help us, rather than causing more problems. host: let's go out to atlanta, georgia. independent line. joe, go ahead. caller: in my opinion, mitt romney is a nake
the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to...
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Oct 10, 2012
10/12
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i think the argument that 7.8% unemployment -- i'm not jumping into any jack welch conspiracy theories or anything. i don't know if we should dance a jig over 8% unemployment. >> we're not. >> you can look at gas prices close to $4 a gallon. apparently they jumped another 20 cents in california. this is not that great of an economy. >> nobody is playing "happy days are here again." >> as you play the majs of mitt romney. he has the white sid burns. does he color his hair? i'm being sear. if he does, can we trust the guy? i'm sorry. why hasn't anyone asked that question? >> don't go to me on this. >> i have people ask me every day, why do you have donny cot the on the air? >> do you want a president of the united states who colors his hair? >> oh, my god. >> let's go to mike barnicle, ronald reagan colored his hair for 80 years. that's good. >> is that a yes? >> we don't know. >> mike, really quickly i want to touch on what jim has been talking about, the column was talking about, what a lot of middle swing voters in america are concerned about. that is that washington hasn't worked ove
i think the argument that 7.8% unemployment -- i'm not jumping into any jack welch conspiracy theories or anything. i don't know if we should dance a jig over 8% unemployment. >> we're not. >> you can look at gas prices close to $4 a gallon. apparently they jumped another 20 cents in california. this is not that great of an economy. >> nobody is playing "happy days are here again." >> as you play the majs of mitt romney. he has the white sid burns. does he...